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Rice Company, a retailer, has provided the following information pertaining to its recent year of operation: Net income, $105,000 Accounts receivable increased $9,500 Prepaid insurance
Rice Company, a retailer, has provided the following information pertaining to its recent year of operation: Net income, $105,000 Accounts receivable increased $9,500 Prepaid insurance decreased $3,500 Depreciation expense was $17,500 Gain on sale of land, $2,500 Wages payable decreased $7,500 Unearned revenue increased $13,500 . Using the Indirect method, how much was Rice's net cash provided by operating activities? Multiple Choice $120,000 Using the indirect method, how much was Rice's net cash provided by operating activities? Multiple Choice $120,000 $90,000 $135,000 0 $125,000
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